PSX · AUTOMOBILE PARTS & ACCESSORIES · 1 Hour
EXIDE Bull Flag breakout
Exide Pakistan Limited · 06 Nov 2026 · 10:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 422.00 on the breakout. Target 465.80, invalidation 404.02.
Trade plan
● Active- Close
- 422.00
- ▲ 3.15%
- Target
- 465.80
- +10.4%
- Invalidation
- 404.02
- -4.3%
RiskReward
- Reward : risk
- 2.4 : 1
- ATR
- 8.18
- Price now
- 419.98 -0.5%
Outcome measured on the 1 hour bars after the signal: target or invalidation, whichever is touched first; a bar touching both counts as invalidated.
- Target
- Invalidation
- Pattern lines
- Fair value gap (bull / bear)
- Order block
- Strong / weak high and low
- BOS · CHoCHstructure breaks
SMC Structure · Order Blocks · FVG · Pattern Detector 1 Hour candles · click to enlarge
The breakdown
EXIDE broke above its bull flag on the hourly close at 422.00.
Projected target 465.80 (+10.4%). The pattern is invalidated beyond 404.02 (-4.3%), a reward-to-risk of about 2.4 : 1.
Structure: bullish external, bullish internal (strong low 365.00). Nearest supply OB 479.97 - 480.00.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 422.00.
- 2 The target, 465.80 (+10.4%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 404.02 (-4.3%), cancels the setup.
- 4 Reward : risk is 2.4 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with the trend.
Pattern guide
About the bull flag
A bull flag is a sharp rise (the pole) followed by a short, gently falling channel (the flag); a break above the flag usually resumes the rise.
- Confirmation
- A close above the flag's upper line.
- Target
- The length of the pole, projected up from the breakout.
- Fails if
- A close below the flag's lower line.